West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-01-13
TRADE REVIEW.
THE NEW YEAR o PENS UP AUS
PICIOUSLY.
Higher Prices for Leading Pro.
ducts-Dlsturbaaco Threatened
by Accumulation OF Treasu-
ny Surplus


This new year opens with higher prices.
Wheat has adyan % one aud one half cents
this week on sales OF .. O0),O)O bushels. Oh
has adVanc Il ous cent CT sales OF 10000. 900
barrels. Cotton rises cns-siNtesnth OF n cent
With m) l0rate transscsicnB. Hogs, coffee,
iron aud silver are higher. Corn aud oats
have been little weaker, aud large realizing
10y foreigners has checked the tendency to
advance in stocks. But the expansion Of
currency and investment OF large dividends
and profits realized tend 90 life prices for
The present in spite OF fears regarding legis-
lation.
Bank circulation has decreased slO, O20 4Gt
AMI the leg Il tenders not in the Treas
ury have dimni,hed over 81 per cent. not
COUNTING tn, liitio1 60 gold in circulation
Following an expl1io, OF about $4,000, 90
since 1873, this mtk,s the circ6lasion PSF
cap n the .ary st ever rsc)rled IL is now
q be noticed that tbs silver dollars begin 70 go
back 70 the Treasury ia place OF small certii-
Gates is, uel. and the Governm int during the
past week has taken i'm as much money rs IL
has paid ous in spite o. ha { yearly interest
payments. Co Isultltions at Warrington
make reduction OF reve lue at this &c sion inn
problb'e, and the Hccumu alton Cf surplus
threatens disturbance after July /.
Over 5000 mics OF railway we're built
last year-only 1909 in tbs EASTERN and
Southeastern States, and over 1900 miles in
kansas, Nebraska, Dikota Minnesota and
Texls. Hence the rise in iron. Pittsburg
prices advanced 81 on Wed ie3lay, though
the production now exc eeds so 200 tons every
month.
Collections are generally satisfactory aud
the increasing number of bills gives grea.er
activity here in ths dry goods trade. Coal
advances b,clup OF an impIr5ant strike Of
handlers Boston shipments OF Boots and
shoes for 1886 we're .. S75 ,3l6 cases, against
2,61S 26i in 1885. Wool sales at Philadelphia
wers 10 0JOOO pounds less than in 1885, but
New York imports OF foreign wool were 49,
0J0,JJO p)ulls larger. Higher prices here
for wheat aud cotton also imply belief that
production will be- curtailsi next year as a
result OF unsatisfactory returns to farmers.
Railroad earnings in Dec ,mber on TWEEN
lyons r11 Is eX,3e lei thoIe OF 1885 about
Is pr ceht. an bunk exchanges for the year
Sho@ larger transactions than ever, except
in parts OF the sju5h; bui railwly foreclos-
urss az reporsed by tbs Chicago Railway
Age" exceeded in lSs6 Those Of any previous
year, iuclu ling FORT ~hys roads with 1913,
ODD ,60J of sto * All boli. Thu late decis>
ion OF an Ohio Court invaldating the
first m )rtgage on th5 Nickel Plate road
served to excite disrust OF foreign investors
apparently with soms eRsc'. Foreign ex-
change has lvancsl and shipments OF gold
hither are supsnlsl But Cobra 10 reports
her output OF prec'ou metals 4,294,6ss dol
lars greAter in 1896 than 1885
The faiu es during the last seven days
uu nbsr for the Ulitsd States al; for Cana
ia %; total, 229. against 213 last week and
263 the week previous The increase arises
in the s nth, where thu failures are excep>
iCnlllv mum Tous though not important.